India News Headlines: Latest India Business News 31st August 2020
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Quote of the Day: “Change will not come if we wait for some other person or some other time. We are the ones we’ve been waiting for. We are the change that we seek.” – Barack Obama
- The CBDT on Sunday warned banks of penal action for charges on e-payments specified by the government to encourage a cashless economy.
- Boat Lifestyle which registered a gross revenue of Rs 500 crores in FY2019-20 is now aiming to double the top line by FY24 to Rs 1000 crores.
- Vedanta has pledged its entire shareholding in Hindustan Zinc to help fund its proposal to delist from stock exchanges.
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Latest India Business News 31st August 2020
- Paytm & Paytm Mall on Sunday said the company found no security lapses after investigating claims of a possible hack and data breach.
- ABB Power Products and Systems India on Saturday informed the exchanges that the company is increasing the offer price for shares it plans to buyback.
- RIL on Saturday announced the acquisition of businesses of Kishore Biyani’s Future Group for Rs 24,713 crores.
- Reliance Industries-Future Group deal saves lenders from a $2.2 billion debt hole
- Hyundai Motor India is cautiously optimistic about the upcoming festive season amid the COVID-19 pandemic.
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Latest India Business News 31st August 2020
- In a recent interview, Rajesh Magow, co-founder and group CEO at MakeMyTrip said the company has been witnessing early signs of recovery for holiday products including weekend getaways, staycations, and daycations.
- Suzlon Energy on Saturday reported a widening of its consolidated net loss to Rs 398.86 crores in the Apr-June quarter.
- With Unlock 4 in motion, the Union Home Ministry on Saturday said that Metro rails will be allowed to operate from 7 September in a graded manner. This comes in much relief to commuters across major cities.
- Wockhardt on Saturday reported a Q1 consolidated net profit of Rs 759.75 crores.
- Murugappa Group’s Tube Investments of India has been declared as the winning bidder for CG Power and Industrial Solutions.
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